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1517 Acacia Street

Alhambra, CA 91801
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Bed 7

Bed

Bath 6

Bath

SqFt17,298

Sqft(Lot)

16-unit multifamily investment opportunity in the heart of Alhambra. 1517-1519 Acacia Street features an attractive unit mix of six townhouse-style 2-bed/1.5-bath units, five 2-bed/1-bath units (including two newly constructed 2026 ADUs), one 2-bed/2-bath unit, and four 1-bed/1-bath units, totaling approximately 13,777 SF of improvements built in 1974. Units are individually metered for gas and electricity. The two brand-new ADUs are achieving full market rent, while in-place rents across the remaining units average roughly 10% below market, providing strong day-one cash flow with meaningful organic rental upside: approximately a 5.4% current cap rate and 12.4 GRM, rising to approximately a 6.3% cap rate and 11.1 GRM at market rents, based on the current rent roll and seller expense assump tions. Alhambra is a supply-constrained San Gabriel Valley submarket minutes from Downtown Los Angeles, Cal State LA, and the I-10 and I-710 freeways, with strong renter demand driven by the Main Street retail and restaurant corridor, award-winning schools, and a vibrant local economy. Priced at approximately $343,438 per unit and $399 per SF.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,495,000

AD Id : 89392530

MLS Id : PF26174613

Beds : 7

Lot Size : 17,298 Sqft

Year Built : 1974

County : Los Angeles

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir

  • Building Information

    Year Built: 1974
    Building Area Total: 13777
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 17298 Lot Size Acres: 0.3971 Lot Size Source: Assessor Lot Size Square Feet: 17,298

  • Listing Price Information

    Listing Price: $5495000
    Cash, CashToNewLoan, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 5343008030 Tax Lot: 18

  • Location Information

    Direction: South of W Main St, between S Marengo Ave and S Electric Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
716 S Chapel, Alhambra, CA, 91801 $2,100,000 12 12 --

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ByOwner last updated this listing 08/16/2026 @ 07:54

MLS: PF26174613 LISTED BY: Christian Mkpado, Keller Williams Realty 626-204-3300 SOURCE: CRMLS

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